State of New Hampshire secondary Archives: on Budget & Economy

Through good management practices and controlling wasteful spending, we are hopeful that by the end o the fiscal year we will have filled in the budget gaps we inherited and bring the balance back into the black.

Any surplus beyond increasing our
Rainy Day Fund to a total of $100 million, will be placed in a newly created Infrastructure Revitalization Fund. And barring unexpected expenses, savings beyond those funds will be sent directly to our local communities.

In 2012, Colin was publicly elected to the state Executive Council (a board of directors of sorts for the state's executive branch) where he represents a quarter-million New Hampshire citizens and is a member of the Democratic party.

Colin has worked to ensure a fiscally responsible budget by identifying opportunities to save millions in state construction projects and improperly-sourced contracts, and he has served as a senior adviser to several elected officials.

Bernie Sanders:
I led the effort against deregulation, but we lost

SANDERS: Let's talk about why, in the 1990s, Wall Street got deregulated. Did it have anything to do with the fact that Wall Street spent billions of dollars on lobbying and campaign contributions?

CLINTON: You're the one who voted to deregulate swaps
and derivatives in 2000, which contributed to the over-leveraging of Lehman Brothers, which was one of the culprits that brought down the economy. I'm not saying you did it for any kind of financial advantage. What we've got to do as Democrats is to be
united to solve these problems.

SANDERS: I was on the House Financial Committee at that time. I heard the arguments coming from Democrats and Republicans -- Robert Rubin, Alan Greenspan -- about how great an idea it would be if we did away with
Glass-Steagall and if we allowed investor banks and commercial banks and big insurance companies to merge. Go to YouTube today -- look up Greenspan -- it was the worst financial disaster since the Great Depression.

Source: MSNBC Democratic primary debate in New Hampshire
Feb 4, 2016

Bernie Sanders:
We need a 21st-century Glass-Steagall legislation

CLINTON: I have great respect for Senator Sanders's commitment to try to restore Glass-Steagall [regulatory legislation which was overturned in 2000, setting the stage for the deregulated banking crisis of 2008].

SANDERS:
I would say that we do need a 21st century Glass-Steagall legislation. I would tell you also that when you have three out of the four largest banks in America today, significantly bigger than when we bailed them out because they were too big to fail,
I think if Teddy Roosevelt were alive today, a good Republican by the way, what he would say is: Break them up; they are too powerful economically; they are too powerful politically.
And that is what I believe and many economists believe. Time to break them up.

Source: MSNBC Democratic primary debate in New Hampshire
Feb 4, 2016

Hillary Clinton:
Committed to reducing corporate power not only Wall St

SANDERS: Wall Street is perhaps the most powerful political force in this country. You have companies like Goldman Sachs, who paid a fine for $5 billion for defrauding investors. It was one of those companies whose illegal activity helped destroy our
economy. Kid gets caught with marijuana, that kid has a police record. A Wall Street executive destroys the economy, no criminal record. That is what power is. That is what has to change.

CLINTON: Of course it has to change. That's why I have a plan.
It's been judged to be the most effective. I do not believe that that is enough. We now have power under the Dodd-Frank legislation to break up banks. I've said I will use that power if they pose a systemic risk. But I want to go further, because it
was investment banks, it was insurance companies, it was mortgage companies, all of which contributed. Let's not just be narrowly focused on one part of the problem. We have a lot of issues with corporate power that have to be addressed.

Source: MSNBC Democratic primary debate in New Hampshire
Feb 4, 2016

Maggie Hassan:
Restored $1B in cuts in state spending

A web ad funded by the group Impact America Action is called "Hassan Spending Problem" and cites a noteworthy number: "Maggie Hassan has a spending problem," the narrator says. "As governor, Hassan first proposed a $1 billion spending increase." The
number also appears on the group's website.

But is the claim true? Hassan's first budget proposal restored many cuts, with a $1 billion spending increase; but here's how the revenue broke down:

$184 million from the general fund

$493 million
from the federal government for ObamaCare

$348 million from "other funds," which includes trust funds, fees & assessments.

When politicians debate the budget, they generally talk about general fund spending, because that's the money most directly
controlled by the state. Looking at that fund alone, Hassan's budget only proposed an increase of $184 million. The ad cherry-picked the most all-encompassing number--total spending, including federal grants. Our ruling: We rate the claim Half True.

Bob Smith:
Time to stop mortgaging our children's future

Question topic: Free enterprise and the right to private property turn mankind's natural self interest into the fairest and most productive economic system there is, and are the key to national prosperity.

Smith: Strongly Agree.

Question topic: Briefly list political or legislative issues of most concern to you.

Karen Testerman:
More government jobs threaten our economy & freedom

The biggest threat to our economy and job creation is an increase in government jobs--meaning more bureaucrats, more intrusions and more regulations. We all know that private sector, small business is the life-blood for jobs in America,
but today government jobs are growing at an alarming rate. This increase in government jobs means more bureaucrats and more regulations.
This means more bureaucrats at your door saying "we're just here to help" with intrusive and tyrannical encumbrances standing in the way of your livelihood. It is time to eliminate laws that increase government intrusion.
The time has come to stop pumping your tax dollars into useless government agencies that harm our economy and endanger your job.

Ron Paul:
We're reversing 100 years of bad policy; audit the Fed

Q: You have actually sponsored 620 measures. Only four made it to a vote on the House floor, and only one has been signed into law.

PAUL: That demonstrates how much out of touch the US Congress is with the American people because I'm supporting things
that help the American people. But as far as working with other groups, I think my record's about as good as anybody's because I work on the principle that freedom and the Constitution bring people together.

SANTORUM: One of the reasons people like
Rep. Paul is his economic plan. But he's never been able to accomplish any of that.

PAUL: It's not exactly a simple task to repeal approximately 100 years of us sliding away from our republic. What about change in monetary policy? We've had that for
100 years. And right now we're winning that battle. The American people now agree. About 75% of the American people now say we ought to audit the Federal Reserve, find out what they're doing and who are their friends that they're bailing out constantly.

Source: Meet the Press 2012 GOP New Hampshire debate
Jan 8, 2012

Rick Santorum:
Spend-o-meter: track spending on all Senate amendments

PAUL: [to Santorum]: I believe Congress should designate how money should be spent. I always voted against spending. You're a big spender; that's all there is to it. You're a big-government conservative. So to say you're a conservative,
I think, is a stretch. But you've convinced a lot of people of it, so somebody has to point out your record.

SANTORUM: I've convinced a lot of people of it because my record is actually pretty darn good.
I supported and voted for a balanced budget amendment, the line-item veto. In fact, I used to keep track when I was in the Senate of all the amendments that increased spending.
I put them on something called a spend-o-meter. If you look at my spending record and you take all the "spending groups," I was rated at the top or near the top every single year, particularly in defense.

Source: WMUR 2012 GOP New Hampshire debate
Jan 7, 2012

Cory Booker:
Replace spending with tax incentives to stimulate hiring

"The federal government needs to cut spending," Booker said before a packed room at Saint Anselm College. [He cited former Sen. Jack Kemp, R-NY]: "It's because we shared the same ideas.
Kemp believed that if you give the right tax incentives in urban areas, you create opportunity."

Booker said Obama is introducing policies similar to Kemp's, such as tax incentives for businesses that reinvest in the economy. "Over the last
3-plus years [Obama] has cut taxes on small businesses 17 times," Booker said. "Giving businesses tax incentives to hire people coming back from Iraq and
Afghanistan; ideas that to me seem like every American, regardless of your party, should stand up and embrace."

Source: Speech at Saint Anselm College (New Hampshire)
Dec 9, 2011

The above quotations are from State of New Hampshire Politicians: secondary Archives.